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Mihir Desai's academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His research has been cited in The Economist, BusinessWeek, The New York Times, and several other publications.

“Tax reform is the great unexploited opportunity we have to change the game at this point,” Professor Mihir Desai told Yahoo Finance. “We’ve been monkeying around with monetary policy for a long time, basically pushing on a string at this point. And tax policy is actually the great opportunity to do something that can actually move the economy onto a different trajectory.”

Meanwhile, it’s been 30 years since any tax reform has been enacted. During this time, the economy has changed dramatically and other countries have modernized their systems.

“There are a lot of global realities which our tax system just doesn’t match up with,” Desai said. “So there’s a huge opportunity.”

Mihir added that good tax policy should be driven by the goals of increasing economic efficiency, achieving greater equity, and reducing complexity.

“The forces of globalization have amplified the inefficiencies and complexities of the current tax system,” according to the report.

Mihir Desai's academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His research has been cited in The Economist, BusinessWeek, The New York Times, and several other publications.